Are there R&D credits hidden in your operations? Research and Development tax credits have been part of Federal and many state tax codes since 1939. However, new Federal regulations have just been published that expand and clarify the expenditures that qualify. As these changes occur, professionals specializing in this area are continuing to gain new experience and an increased capability to identify and maximize these credits.
Credits may be available for R&D you conduct to enhance your own products, your manufacturing processes, and in many cases for work funded by your customers or government agencies. Whether or not you have previously claimed R&D credits, in depth scrutiny of your operations by a team of GFC specialists may identify credits and significant savings that you never expected.
GFC has recently added several professionals who in the past have assisted manufacturers, software developers, and technology-based companies of many types in successfully uncovering additional credits. This team has recently helped clients claim tax credits ranging from $15,000 to over $700,000, in both current years and from refunds of prior year liabilities. In addition to maximizing your R&D credit, our tax professionals will establish a system of gathering information to document future credits.
As the leading accounting and consulting firm servicing the middle market in Vermont, New Hampshire and northern New York, GFC provides you with experienced people who are local and who understand your business. We will team with your key personnel to identify and document eligible research expenditures that you are entitled to.
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